BLUE ONE MANAGEMENT: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
BLUE ONE MANAGEMENT
Largest movements
- Cash -€153,763
down €153,763 (-23.7%), from €648,618 to €494,855
mainly Net result for the year (-€61,325) and Deferred charges and accrued income (-€59,510)
- Deferred charges and accrued income +€59,510
new in 2025: €59,510
- Tangible fixed assets -€18,858
down €18,858 (-27.1%), from €69,663 to €50,805
- Receivables within one year +€17,047
up €17,047 (+4.8%), from €358,180 to €375,227
of which Other amounts receivable: +€54,530
- Profit (loss) carried forward -€61,325
down €61,325 (-11.7%), from €522,638 to €461,313
- Tax, wage and social debts -€37,257
down €37,257 (-35.7%), from €104,298 to €67,041
of which Taxes: -€28,935
- Reserves -€22,500
down €22,500 (-7.7%), from €293,621 to €271,121
of which Distributable reserves: -€22,500
- Other debts +€18,672
up €18,672 (+24.4%), from €76,516 to €95,187
- Trade debts +€13,089
up €13,089 (+33.1%), from €39,507 to €52,596
- Gross operating margin -€310,629
down €310,629 (-50.9%), from €610,485 to €299,855
- Taxes -€68,555
down €68,555 (-98.8%), from €69,396 to €842
- Write-downs +€51,497
up €51,497 (+604%), from €8,530 to €60,027
- Staff costs -€28,169
down €28,169 (-9.3%), from €303,871 to €275,702
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,092,355 | €1,003,034 | -€89,322 | -8.2% |
| Fixed assets | 21/28 | €85,557 | €73,441 | -€12,116 | -14.2% |
| Tangible fixed assets | 22/27 | €69,663 | €50,805 | -€18,858 | -27.1% |
| Furniture and vehicles | 24 | €69,663 | €50,805 | -€18,858 | -27.1% |
| Financial fixed assets | 28 | €15,894 | €22,636 | +€6,742 | +42.4% |
| Current assets | 29/58 | €1,006,798 | €929,592 | -€77,206 | -7.7% |
| Amounts receivable within one year | 40/41 | €358,180 | €375,227 | +€17,047 | +4.8% |
| Trade receivables | 40 | €340,137 | €302,654 | -€37,483 | -11.0% |
| Other amounts receivable | 41 | €18,043 | €72,573 | +€54,530 | +302% |
| Cash at bank and in hand | 54/58 | €648,618 | €494,855 | -€153,763 | -23.7% |
| Deferred charges and accrued income | 490/1 | - | €59,510 | +€59,510 | |
| Total equity and liabilities | 10/49 | €1,092,355 | €1,003,034 | -€89,322 | -8.2% |
| Equity | 10/15 | €872,035 | €788,209 | -€83,825 | -9.6% |
| Contributions | 10/11 | €55,776 | €55,776 | = | 0.0% |
| Capital | 10 | €55,776 | €55,776 | = | 0.0% |
| Issued capital | 100 | €55,776 | €55,776 | = | 0.0% |
| Reserves | 13 | €293,621 | €271,121 | -€22,500 | -7.7% |
| Non-distributable reserves | 130/1 | €5,578 | €5,578 | = | 0.0% |
| Other | 1319 | €5,578 | €5,578 | = | 0.0% |
| Distributable reserves | 133 | €288,043 | €265,543 | -€22,500 | -7.8% |
| Profit (loss) carried forward | 14 | €522,638 | €461,313 | -€61,325 | -11.7% |
| Amounts payable | 17/49 | €220,321 | €214,824 | -€5,496 | -2.5% |
| Amounts payable within one year | 42/48 | €220,321 | €214,824 | -€5,496 | -2.5% |
| Trade debts | 44 | €39,507 | €52,596 | +€13,089 | +33.1% |
| Suppliers | 440/4 | €39,507 | €52,596 | +€13,089 | +33.1% |
| Taxes, remuneration and social security | 45 | €104,298 | €67,041 | -€37,257 | -35.7% |
| Taxes | 450/3 | €37,086 | €8,151 | -€28,935 | -78.0% |
| Remuneration and social security | 454/9 | €67,212 | €58,890 | -€8,322 | -12.4% |
| Other amounts payable | 47/48 | €76,516 | €95,187 | +€18,672 | +24.4% |
| Remuneration, social security and pensions | 62 | €303,871 | €275,702 | -€28,169 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,925 | €18,858 | -€67 | -0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,530 | €60,027 | +€51,497 | +604% |
| Other operating charges | 640/8 | €4,903 | €2,627 | -€2,276 | -46.4% |
| Gross operating margin | 9900 | €610,485 | €299,855 | -€310,629 | -50.9% |
| Operating profit (loss) | 9901 | €274,255 | -€57,358 | -€331,614 | |
| Financial income | 75/76B | €2,718 | €1,087 | -€1,631 | -60.0% |
| Recurring financial income | 75 | €2,718 | €1,087 | -€1,631 | -60.0% |
| Financial charges | 65/66B | €4,396 | €4,212 | -€184 | -4.2% |
| Recurring financial charges | 65 | €4,396 | €4,212 | -€184 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €272,577 | -€60,483 | -€333,061 | |
| Income taxes | 67/77 | €69,396 | €842 | -€68,555 | -98.8% |
| Profit (loss) for the period | 9904 | €203,181 | -€61,325 | -€264,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €203,181 | -€61,325 | -€264,506 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.